Korea America Economic Association Dept of Economics & Geography

Analysis

Korea America Economic Association Dept of Economics & Geography is a registered charity in United States, based in Storrs, CT. It received its IRS tax-exemption ruling in July 1986, 40 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending January 2024, Korea America Economic Association Dept of Economics & Geography reported income of $76k and spending of $91k, spending 120% of what it took in. Across the 5 years on record, from January 2020 to January 2024, income fell from $114k to $76k (-33%), an average of -9.7% a year. The sharpest change came in the year to January 2022, when income dropped by 59%. Over the whole period it spent 80% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Korea America Economic Association Dept of Economics & Geography sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 27th percentile within CT. Charities of a similar size with the same main cause include Destined for Grace ($76k), Rafiki Village Project ($76k) and Exito En LA Familia ($76k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 93% of the total. At year end it held assets of $524k against liabilities of $79k, net assets of $445k.